Buying spree fuels Dhaka bourse's turnover to hit four-month high

Turnover at the Dhaka Stock Exchange (DSE) crossed Tk 1,500 crore today for the first time in around four months thanks to the buying pressure from the investors.

The important indicator of the stock market surged 8 per cent to Tk 1,534 crore. Earlier, the figure hit Tk 1,583 crore on January 25 this year.

The DSEX, the benchmark index of the DSE, advanced 26.9 points, or 0.46 per cent, to stand at 5,840.

At the premier bourse, 142 companies' stocks rose, 175 fell and 48 remained the same.

Asia Insurance topped the gainers' list that rose 9.92 per cent followed by Meghna Condensed Milk, GQ Ball Pen, Prime Bank, and NRB Commercial Bank.

Beximco became the most traded stock with shares worth Tk 113 crore changing hands followed by Robi Axiata, Saif Powetec, Prime Bank and IFIC Bank.

Malek Spinning shed the most with a drop of 4.32 per cent followed by Emerald Oil, eGeneration, Mercantile Insurance and Islami Insurance.